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Corporate Responsibility at
Deutsche Bank
London, 8 September 2009
Hanns Michael Hölz, Group Sustainability Officer
Dr. Julia Warth, Senior Investor Relations Officer
Agenda
1 Core aspects of our sustainability strategy
2 Environmental aspects
3 Social aspects
4 Governance aspects
5 Results and targets
Investor Relations 09/09 · 2
Sustainability – How we do our business (I)
Part of Deutsche Bank‟s responsibility is to earn money in the most responsible way possible and to avoid negative externalities from operations
Deutsche Bank is committed to the principles of sustainability (harmonizing economy, ecology and society)
Sustainability management at Deutsche Bank clearly focuses on benefiting from opportunities and avoiding risks that stem from ESG issues
Deutsche Bank‟s Sustainability Management System in line with ISO 14001 provides the systematic framework to ensure that sustainability-related principles are incorporated
By strategically linking and integrating sustainability management in the Group-wide „Environmental Steering Committee“ and the „Group Reputational Risk Committee“ Deutsche Bank has established benchmarks for securing sustainability requirements in all business activities
Deutsche Bank constantly expands its range of sustainable products:A primary focus is on financial services involved in tackling the challenges of climate change
Investor Relations 09/09 · 3
Sustainability – How we do our business (II)
E – Ecology
– Deutsche Bank is heading to become the leading „Green Bank“
– Deutsche Bank aims to be carbon neutral by the end of 2012
S – Social
– Deutsche Bank is one of the pioneers in the field of microfinance
– Comprehensive training and education opportunities are fundamental to Deutsche
Bank. About 427,300 participants spent approximately 197,600 training days*
G – Governance
– The responsible, value-driven management and control of Deutsche Bank
is a prerequisite of the bank‟s international success
– More than 700 employees work for Compliance, with over 140 of them
responsible for the Anti-Money Laundering Program
In 2008, the established sustainability rating agencies again confirmed
that Deutsche Bank ranks close to the top in the financial sector
Deutsche Bank‟s share continued to be quoted in the leading
sustainability indices
Investor Relations 09/09 · 4
*Multiple counting of staff who took part in two or more seminars
Sustainability strategy
Monitoring andcorrective measures
Performance indicator Audits Management review
Implementation of the sustainability program
Implementation, training, communication, refinement of the sustainability management system
Organization Specialist bodies committees
Management of sustainability within Deutsche Bank
Analysis of ecological and social impact
Sustainability program
Annual targets and initiatives
1. 2.
3.
5. 4.
Ongoing
Improvement
(TQM)
6.
Investor Relations 09/09 · 5
Sustainability Management System (SMS) – governance and functions
Deutsche's Stakeholders
(shareholders, customers, employees, society)
Group Sustainability Officer
for the Sustainability
Management System
Corporate and
Investment Bank
Private Clients and
Asset Management
Corporate Center
Management BoardResponsibility for
Sustainability Topics
Group Sustainability
Environmental
Steering
Committee
Market
Opportunities &
Self Commitments
Group
Reputational
Risk
Committee
Corporate
Governance
Investor Relations 09/09 · 6
Co-ownership of external and internal guidelines by SMS
UN Global Compact
UNEP-FI Declaration of Sustainable Development
UN Declaration of Human Rights
Principles for Responsible Investment (PRI)
World Bank standards
OECD guidelines for multinational companies
Wolfsberg Principles
Financial Task Force on Money Laundering (FAFT)
ISO 14001
External commitments
Corporate Governance / Human Resources Code of Conduct – Code of Ethics Sustainability Policies and standardsRisk Management Credit Directives adressing environmental
issues, embargoes & related restrictions,
betting & gambling, defence equipment,
pornography
Industry analyses
Compliance/Anti-Money Laundering Global Compliance Core Principles
Anti-Money Laundering Policy
New Client Adoption
Reputation Risk Policy
Corporate Development Acquisition and Due Diligence StandardsGlobal Sourcing Global Sourcing Policy
Travel Policy
Internal guidelines
Ecological
aspects
Socialaspects
Governance
aspects
External commitments as part
of our internal framework
Investor Relations 09/09 · 7
Credit Directives – Core principles for our banking business
Environmental issues„Deutsche Bank regards the responsible treatment of the environment as an integral part of its corporate identity. […]
In addition to complying with the legal provisions relating to environmental protection, we undertake to protect natural
resources such as air, water, and soil. […] We will not finance certain globally banned products, e.g. CFC, asbestos.”…
Investor Relations 09/09 · 8
Defence equipment„We will not consider any involvement in transactions connected with specific types of weapons,
in particular antipersonnel landmines, cluster bombs or ABC-weapons.”…
Pornography / „Red Light Area“„Deutsche Bank will not enter into business relationships with counterparts belonging
or being close to the pornographic sector or adjacent areas (red light area).”…
Betting & gambling industry„We specifically do not want to be connected to counterparty within this industry which show signs of proximity to
problematic areas (e.g. red light sphere) or which are prone to serve a basis for illegal activities, as for example the handling
of cash entails the possibility of money laundering.” …
Embargos & related restrictions„All European embargo apply to the entire Deutsche Bank Group. In addition, local regulations that go beyond the restrictions
introduced by the EC have to be followed by those directly affected thereby.“….
BUSINESS REVIEW
supported by Control Groups Identification of reputational risk issue of client transactions, Informal discussion
Formal review incl. Senior Management, Control groups (legal, risk, compliance etc.)
In case of ESG-issues: Group Sustainability
Escalation, if
reputational risk
issue is not resolved
(otherwise normal approval
process of transaction)
Deutsche Bank
Policies
New Client
Adoption
New Product
Approval
Credit
Directives
In 2008 Deutsche Bank's reputational risk management, identification of reputational risks from new products, transactions
and clients as well as communication were audited by KPMG. The audit did not show any complaints.
Reputational risk escalation
Business review supported by Control Groups
Discussion of escalated reputational risk issuesRegular Meetings
Group Reputational Risk Committee
Regular MeetingsDiscussion of escalated reputational risk issues
Final decision of transaction
Regional / Divisional Review
Investor Relations 09/09 · 9
Sustainable products
Asset
Manage-
ment
based on
sustain-
able
investment
DWS
Micro-
finance
Private
Wealth
Mgmt
DeAM
Global
Commo-
dities
Asset
Finance &
LeasingTrade
&
Export
FinanceMicro-
credit
fund
Sustainable
mutual funds for
retail clients
ESG
product line
for institutional
investors
Emissions
trading
Investment
in renewable
energies
Solutions for
sustainable
trade & export
Asset
Management
based on
sustainable
investment
Investor Relations 09/09 · 10
Agenda
1 Core aspects of our sustainability strategy
Environmental aspects
3 Social aspects
4 Governance aspects
5 Results and targets
2
Investor Relations 09/09 · 11
Financial Intermediary
Our core business wants to con-tribute to climate protection with high-class services and banking products and offers sustainable business opportunities.
Clean tech
Energy efficiency of buildings
Emissions trading
Infrastructure for natural resources
Principal investments
Eco Efficiency Manager
We aim to be an industry leader in how corporations should contribute to climate protection.
Green building & IT operations initiative
Switching to renewable energies
Offsetting of inevitable emissions with
highly regulated certificates
Carbon neutral by end of 2012
Best practice “Greentowers”
Climate Ambassador
We strive for being a “knowledge company” and are committed to bring the message across to all ofour stakeholders.
Clients/general public (“Banking on
Green”, DB Research, mandates)
Proactive policy and regulatory dialogue
Staff (“A Passion for the Planet”,
e-learning)
Shareholders/investors communication
Best practice “Solar Impulse”
Deutsche Bank‘s climate strategy
Overall Mission Statement
Deutsche Bank recognizes the responsibility to act on climate change and we help our stakeholders to take action –
in an integrated approach across our business. We consider our climate strategy as an essential part
of our forward-looking sustainable business strategy.
environmental aspects
Investor Relations 09/09 · 12
Timeline Reduction of global carbon footprint by 20 percentage points over the next five years
(“Base year” 2007)
Inventory Approximately 460,000 tons CO2 worldwide
Primarily covering emissions associated with energy use, travel, and air conditioning
Calculation Based on methodology of „greenhouse gas protocol“
- Scope 1: Fossil fuel combustion, refrigerant leakage from cooling equipment
- Scope 2: Electricity and steam
- Scope 3: Air business travel/other business travel related emissions
Measures Sustainable improvements in
- energy efficiency of buildings and infrastructure
- increasing use of renewable energy sources
- purchase of emission certificates to offset any remaining emissions
Review Independent review of inventory process by ERM Certification & Verification Services, London
Carbon neutral by end of 2012
environmental aspects
Investor Relations 09/09 · 13
Climate change related projects and initiatives
Description Focus
In-house Ecology Lighthouse Project
Climate-sound renovation of the
Deutsche Bank headquarter towers
Identifying and limiting environmental risks
Responsible deployment of natural resources, waste disposal,
mobility; 50 % CO2 reduction expected
Costs: EUR 200 m
Energy Awareness Campaign
"A Passion for the Planet"
Internal campaigns for raising awareness / changing behaviour
regarding prevention of greenhouse gas emissions
Eco Teams Regional Excellence Initiative
Implementation of vision and strategy in the fields of real estate,
procurement, mobility, IT, and working environment.
Solar Impulse
Deutsche Bank is a main partner
Development of a manned solar airplane which is to fly around
the world in 2011
Demonstrating the viability of renewable energy
Participation Carbon Disclosure Project Transparency by disclosure of climate strategies and CO2 emissions
Partner of Clinton Climate Initiative
Commitment to arrange USD 1 bn in financing
Reduction of energy consumption and greenhouse gas emissions
in mega cities by energy efficiency retrofitting projects
Green Tech Team Germany Expertise delivering internal expertise and external consulting in the
field of renewable energies
environmental aspects
Investor Relations 09/09 · 14
Products to combat climate change
Description Results - Examples
Asset management on the basis of sustainable investments by PWM
Discretionary portfolio management with sustainable investments
Funds Wilhelm von Finck Return and Sustainability (launch 2009)
Cooperation with oekom research (leading SRI rating agency in
Germany)
Sustainability-oriented funds issued by DWS / DeAMAuM of EUR 2.8 bn as of end 2008
DWS/DeAM Climate Change
DWS New Resources
DWS CO2 Opportunities Fund
DWS Invest Responsibility
Climate Protection Certificates DWS GO (Management of EUR 6.6 m)
Investment in renewable energies 31 transactions, ~ 370 MW, ~ 1 bn EUR investment volume, thereof:
28 projects realized in wind farming
Various solar power plants with a total capacity of up to
60 megawatt in Spain
Further solar and wind projects in the pipeline
in Europe & North America
Emissions trading Origination and purchase of certificates for emissions reduction projects
Market leader with involvement in more than 50 CDM projects
Participation in climate funds of the World Bank: Prototype Carbon Fund
(PCF) and Umbrella Carbon Facility (UCF)
Planned participation of approx. USD 10 m in Forest Carbon
Partnership Facility (FCPF) of the World Bank
environmental aspects
Investor Relations 09/09 · 15
Greentowers
CO2 emissions reduction:
55 %
Heating energy reduction:
67 %
Water reduction:
43 %
Power reduction:
55 %
Resources recycling:
98 %
Transition of Deutsche Bank office towers in Frankfurt, Germany into a "green building".
Our aim is to set benchmarks for future projects - based on sustainable improvements.
LEED Certificate
We want to achieve
the world-wide
first Platinum Award
for a high-rise
refurbishment
Investor Relations 09/09 · 16
environmental aspects
environmental aspects
Continuous raising of awareness
Steady improvement of building technology
Increase of recycling ratio
Increase the use of environmentally
friendly material
Increase of the renewable energy component
in the global energy mix
Operational environmental protection - our targets
Energy awareness campaign
“A Passion for the Planet”
E-learning tool to be finalized by the end of 2009
e.g. at least 90 % of all waste in New York
e.g. usage of FSC or PEFC certified paper
Employees
Material
e.g. 50 % CO2 reduction by complete reconstruction
of Deutsche Bank headquarter towers in Frankfurt
as environmentally conscious building
Technology
Carbon-neutral by end of 2012
Further increase of direct purchase of power from
renewable energies (2008: 48 % worldwide)
Commodities
Investor Relations 09/09 · 17
Agenda
1 Core aspects of our sustainability strategy
2 Environmental aspects
3 Social aspects
4 Governance aspects
5 Results and targets
Investor Relations 09/09 · 18
Investment per employee (in EUR) Total investment worldwide (in EUR m)
Corporate citizenship – how we spend our money
2006 2007 2008
1296 1121 1011
2006 2007 2008
85.2 82.2 82.3
Investment by area of activity (2008)Investment by region (2008)
social aspects
Investor Relations 09/09 · 19
Microcredits – from philanthropy to the business case
0
DB Microcredit Development Fund (DBMDF)
Since 1997 investment of USD 6.5 m in loans to 50
microfinance institutions in 27 countries
Global Commercial Microfinance Consortium
Aggregate lending of USD 80.6 m; closed in 2005; 47 loans in
24 countries.
db Microfinance-Invest No. 1
Debt securities of USD 87 m, issued in 2007 with about USD
52.5 m secured by Deutsche Bank‟s private clients,
USD 29 m by Kreditanstalt für Wiederaufbau and USD 5.8 m
by Deutsche Bank
Money will be used by 21 microfinance institutions to grant at
least 100,000 micro loans in 15 emerging and developing
countries
Via Deutsche Bank approximately USD 165 m have been channeled to more than 100 microfinance
institutions in more than 41 countries in the past twelve years. Result: aggregate loan volume of
USD 1 bn has been granted to 2.2 million borrowers so far.
Investor Relations 09/09 · 20
social aspects
2006 2007 2008
Employee Commitment
Index68 71 74
Number of employees
(in thousands at year„s end*)68.8 78.3 80.5
Training
(expenses in EUR million)130 129 127
Apprenticeship programs
(expenses in EUR million)40 41 41
Share of female headcount 44.2% 44.7% 44.5%
Women top managers
(Managing Director, Director)14.6% 14.8% 15.6%
Employees leaving the Bank
for alternative employment7.0% 8.4% 7.3%
Deutsche Bank as an employer
80,456 at year‟s end 2008*
*Full-time equivalent
Regional deployment of staff Performance figures
Investor Relations 09/09 · 21
social aspects
Number of participants and training daysQualification of our employees
Qualification and training
In %
* Multiple counting of staff who took part in two or more seminars
In thousands
Investor Relations 09/09 · 22
social aspects
Establishing the sustainability e-learning tool
Private Wealth Management
Private & Business Clients
Corporate Investment Bank
InfrastructureAsset Management
Asset Management Selling Asset Management
ProductsFinancing
Projects
Financing Companies / Projects In-house
Operations
-Legal
-Compliance
-Credit Risk
Financing
Individuals
Climate Change and Deutsche Bank
Managing Sustainability / ESG issues at Deutsche Bank
Financial Markets
Sustainability and Deutsche BankIntroduction: Basic awareness of sustainability, meaning for Deutsche Bank, areas of action, role of the financial sector, climate change, reputation, ESG risks
Investor Relations 09/09 · 23
social aspects
Agenda
1 Core aspects of our sustainability strategy
2 Environmental aspects
3 Social aspects
4 Governance aspects
5 Results and targets
Investor Relations 09/09 · 24
Function of the Supervisory Board and Management Board
The Supervisory Board appoints the members of the Management
Board, and together with the Management Board, draws up its
long-term succession plans
Adopts resolutions on and reviews the structure of the
Management Board‟s compensation system including the material
contractual components
The Supervisory Board determined that it has what it considers
to be an adequate number of independent members according to
Section 5.4.2 of the German Corporate Governance Code
Supervisory Board(20 members)
Chairman„s Committee
Mediation Committee
Risk Committee
Audit Committee
Nomination Committee
Management Board
(8 members)
Group Executive Committee
(12 members)Management Board membersHeads of the Core BusinessesHeads of Regional Management
Is responsible for managing the company
Ensures that the provisions of law and company-internal
policies are abided by
Control and advice
Information
Investor Relations 09/09 · 25
Analyzes the development of the business divisions
Discusses matters of Group strategy
Develops recommendations that are presented to the
Management Board for decisions
governance aspects
Effective corporate governance - part of our identity
Deutsche Bank acts in conformity with all recommendations
of the German Corporate Governance Code with only one exception
(D&O liability insurance policy without a deductible)
Deutsche Bank complies with the requirements for foreign private issuers
of the US Sarbanes-Oxley Act, the SEC’s implementing rules and the NYSE CG Rules
Corporate Governance Officer (Dr. Hugo Bänziger) responsible for questions relating
to the implementation of and for monitoring compliance with regulations and standards
of corporate governance aspects
The high standards of Deutsche Bank‟s corporate governance are well recognized:
– Governance Metrics International 2008:
Global Score: 7.0 out of 10. Average Home Market Score: 5.7
Investor Relations 09/09 · 26
governance aspects
Corporate governance in accordancewith high international standards…
2001 2002 2003 2006
Investor Relations 09/09 · 27
Changes of the German Corporate Governance Code
have been implemented by DB with immediate effect
governance aspects
… and implemented by internal principles
Investor Relations 09/09 · 28
governance aspects
The key functions of Deutsche Bank‘s compliance processes
Rising compliance education
Number of compliance training classes attended
by Deutsche Bank employees
700 Compliance staff worldwide
Providing advisory support to business on applicable laws, rules and regulations
Codifying and communicating global and local compliance principles, standards and procedures
Conducting surveillance and monitoring of compliance standards
Supporting Deutsche Bank's information barriers through control room functions
Providing periodic training to employees regarding applicable laws, rules and regulations
Anti-money laundering program:Protecting the bank against money laundering, terrorism and other financial crimes
Investor Relations 09/09 · 29
governance aspects
58,402
146,949
230,946
0
50000
100000
150000
200000
250000
2006 2007 2008
Agenda
1 Core aspects of our sustainability strategy
2 Environmental aspects
3 Social aspects
4 Governance aspects
5 Results and targets
Investor Relations 09/09 · 30
Ceres & RiskMetrics Group Oekom Research
SAM
Results of sustainability ratings
Deutsche Bank Industry average
HSBC ABN
AMRO
Barclays HBOS Deutsche
Bank
7066
61 61 60
Deutsche Bank was
ranked Top 5 for
addressing climate
change in an evaluation
of 40 leading global banks.
D- D D+ C- C C+ B- B B+ A- A A+
Deutsche Bank
Minimum
in sector
Maximum
in sector
Sector
average
Rating: C+
Position: Prime (Rank 7 out of 76 financial services providers worldwide)
Rating of 94 banks
worldwide. Deutsche Bank
is among the top 10%.
Source: SAM Research
Inc., Sep 2008
Index Maximum: 100
Sustainalytics (former SiRi/scoris)
Source: Siri Company Ltd, Okt. 2008, *NR = not relevant (weighting = 0%) Deutsche Bank Industry average
0
10
20
30
40
50
60
70
80
Business
Ethics
Community Corporate
Governance
Employees Environment Contractors Controversial
Business
Activities
TotalCustomers
7971
78
6458
85 8473
67
44
6960
45
35
49 48
NR
Source Ceres, Jan. 2008
Investor Relations 09/09 · 31
Indices Listed since
ASPI Index 2001
(since establishmentof the index)
Dow Jones STOXX
Sustainability Indices
DJSI EURO STOXX
2001
(since establishmentof the index)
Dow Jones Sustainability World Indices (DJSI World)
1999
(since establishmentof the index)
Listing of Deutsche Bank in the following indices
Indices Listed since
Ethical Index Euro
Ethical Index Global
Ethical Index Euro Tradable
Ethical Index Global Tradable
2002
2006
FTSE4GOOD Indices
FTSE4GOOD
Europe Index (EUR)
FTSE4GOOD
Global Index (USD)
2001
(since establishment of the index)
Investor Relations 09/09 · 32
Targets sustainability oriented products and services
Private Wealth Clients
Expansion of discretionary management solutions based on sustainable investments
Greater commitment to closed-ininvestment funds with a focuson sustainability
Creating awareness among our clients for the issues of ethical and sustainability investments
Sustainability–oriented mutual
funds for retail clients (DWS)
Increasing the volume of sustainability managed funds on the basis of market developments
Integration of the PRI into theinvestment process
Private Clients
Ongoing integration of sustainable criteria into product portfolio
Increasing sales of sustainability-orientated products
Examining the feasibility ofclimate-friendly products
Global Banking/
Asset Finance and Leasing
Introduction of further sustainableproducts/projects for the utilization of regenerative energy and energy efficiency
Expansion of operations andknow-how transfer in growth regions
Global Markets
Further expanding leading position in the field of globalemissions trading
Microfinance
Further development of microfinance solutions for ins-titutional and private investors
Exceeding the stipulations of the Community Reinvest-
ment act (mortgage/housing projects)
Investor Relations 09/09 · 33
Investor Contacts
Investor Relations 09/09 · 34
Hanns Michael Managing Director +49 69 910 34544
Hölz Group Sustainability hanns-michael.hoelz@db.com
Officer
Dr. Julia Warth Vice President +49 69 910 34537
SRI Investors julia.warth@db.com
Group
Sustainability
Investor
Relations
Additional information
Supervisory Board
Member Principal Occupation
Dr. Clemens Börsig Chairman of the Supervisory Board
In accordance withthe German Stock Corporation Actelectedby shareholders atthe Annual General Meeting
Dr. Karl-Gerhard Eick Chairman of the Management Board of Arcandor AG
Sir Peter Job Other directorships: Non-executive Director of Royal Dutch Shell plc and Non-executive Director of Schroders plc.
Prof. Dr. Henning Kagermann Co-CEO of SAP AG, Walldorf
Suzanne Labarge Other directorships: Member of the Board of Directors of Coca-Cola Enterprises Inc.
Maurice Lévy Chairman and CEO, Publicis Group S. A., Paris
Dr. Theo Siegert Managing Partner of the Haen Carstanjen & Söhne, Düsseldorf
Dr. Johannes Teyssen Chief Operating Officer and Deputy Chairman of the Management Board of E.ON AG, Düsseldorf
Tilman Todenhöfer Managing Partner of Robert Bosch Industrietreuhand KG, Stuttgart
Werner Wenning Chairman of the Management Board of Bayer AG, Leverkusen
Wolfgang Böhr Chairman of the Combined Staff Council Düsseldof
In accordance withthe German Stock Corporation Actelectedby employees in Germany
Heidrun Förster Chairperson of the Combined Staff Council Berlin of Deutsche Bank
Alfred Herling Chairman of the Combined Staff Council Wuppertal/Sauerland of Deutsche Bank
Gerd Herzberg Deputy Chairman of ver.di Vereinte Dienstleistungsgewerkschaft, Berlin
Martina Klee Chairperson of the Staff Council GTO Deutsche Bank Frankfurt/Eschborn
Henriette Mark Chairperson of the Combined Staff Council Munich and Southern Bavaria of Deutsche Bank
Gabriele Platscher Chairperson of the Combined Staff Council Braunschweig/Hildesheim
Karin Ruck Deputy Chairperson of the Supervisory Board;
Marlehn Thieme Divisional Head of Corporate Social Responsibility Deutsche Bank AG, Frankfurt
Leo Wunderlich Chairman of the Group and General Staff Councils of Deutsche Bank AG, Mannheim
Investor Relations 09/09 · 36
Governance structureManagement Board and Group Executive Committee
Kevin Parker
Asset Management
Pierre de Weck
Private Wealth
Management
Rainer Neske
Private & Business
Clients
Jürgen Fitschen
Regions
Anshu Jain
Global Markets
Michael Cohrs
Global Banking
Hermann-Josef
Lamberti
COO
Dr. Hugo Bänziger
CRO
Dr. Josef Ackermann
Chairman of the
Management Board
and the GEC
Stefan Krause
CFO
Werner
Steinmüller
Global Transaction
Banking
Seth Waugh
CEO Americas
Infrastructure functions
Regions
CIB
PCAM
Management Board
Investor Relations 09/09 · 37
Global governance – our partnerships
Organization / Institution The role of Deutsche Bank
UN Global Compact
UN initiated code of conduct for corporates: Principles regarding human
rights, labour, environment and anti-corruption
Original signatory
Hanns Michael Hölz:
Member of Kofi Annan‟s Advisory Council 2000-2004
UNEP FI
Conceived at Rio Earth Summit
Specialist working groups
Growth from 1992-2004: from 6 to 231 banks
Founding member
Hanns Michael Hölz:
Chair 2000-2005
Former Member of the Steering Committee
Global Reporting Initiative
Multi stakeholder initiative conceived in 1997
Promotion of reporting on economic, ecological, and social performance
of organizations
Organisational Stakeholder
Hanns Michael Hölz:
Member of the Board of Directors 2002-2006
Involvement as part of Deutsche Bank‟s governance
Principles for Responsible Investment
Initiative of investors cooperating with UNEP FI and UN Global
Compact focused on applying ecological and social principles for
responsible investments
Member since 2008
World Business Council for Sustainable Development
Global network of leading international companies out of several
industries
Member since 1998
Hanns Michael Hölz:
Member of the Governing Council since 1998
Econsense
Initiative of 25 leading German companies and organizations from all
sectors to pursue a sustainability-oriented corporate strategy
Member since 2000
Hanns Michael Hölz:
Chair since 2007
Investor Relations 09/09 · 38
Members of the Environmental Steering Committee
Chair Caio Koch-Weser
Office of Chairman Dr. Sabine Miltner
Business Members
Global Banking
Brett Olsher
Charles Bryant
Dr. Thomas Rueschen
Daniel Marovitz (GTB)
Global Markets
Kevin Rodgers
Martin Lawless
Mark-C. Lewis
Asset ManagementTom Curtis
Mark Fulton
PWM Klaus Martini
PBC Thomas Rodermann
Communications Dr. Klaus Winker
Compliance Dr. Max Steiger
Corporate Development (AfK)/ Corporate Investments open
Corporate Real Estate & Services (CRES)/Global SourcingJeff Baer
Ron Herbst
Credit Risk Management Christian Sewing
DB Research Dr .Tobias Just
Group Sustainability Michael Hoelz
Investor Relations 06/09 · 39
Composition of the Climate Change Advisory Board
Member Principal Occupation
Lord Browne Chairman Apax Partners and former CEO of BP (UK)
John Coomber Chairman of the Climate Group (UK)
Fabio Feldmann Former executive Secretary Brazilian Forum on Climate Change (Brazil)
Stanley Fink Deputy Chairman, Man Group (UK)
Amory B. Lovins Chairman and Chief Scientist, Rocky Mountain Institute (USA)
Lord Oxburgh Former chairman of Shell (UK)
Dr. Rajendra Pachauri Chairman, Intergovernmental Panel on Climate Change (India)
Prof. Hans Joachim Schellnhuber
Founding Director of Potsdam Institute for Climate Impact Research (Germany)
Prof. Robert Socolow Co-Director, The Carbon Mitigation Initiative and Professor Princeton University (USA)
Prof. Dr. Klaus Toepfer Former Minister for Environment (Germany), Former UNEP Executive Director
Prof. Hongren ZhangPresident International Union of Geological Science and former Vice Minister of Geology and Mineral Resources (China)
Investor Relations 09/09 · 40
Environmental data: Assessed and verified
2008 2007 2006
Energy consumption (GJ)
Germany 1.264.883 1.373.342 1.454.437
incl. electricity from renewable sources 656.874 147.444 148.678
New York, 60 Wall Street 308.756 310.224 291.261
United Kingdom 700.352 580.374 527.810
Incl. electricity from renewable sources 466.749
CO2 emissions from energy consumption (t)
Germany
(for electricity: 100% national power mix) 107.810 118.668 123.737
Germany (for electricity: allowing for electricity from
renewable sources)33.912 35.731 40.105
New York, 60 Wall Street 41.688 42.163 39.983
United Kingdom
(for electricity: 100% national power mix) 80.916 70.218 63.276
United Kingdom (for electricity: allowing for
electricity from renewable sources)29.058 70.218 63.276
Water consumption (m3)
Germany 475.449 549.171 660.218
New York, 60 Wall Street 267.372 233.355 242.910
United Kingdom 231.062 219.858 208.067
Air travel (in millions of km)
Worldwide 770,13 836,40 920,44
CO2 emissions resulting from business flights (t)
Worldwide 87.441 95.144 104.850
Investor Relations 09/09 · 41
Asset Finance Leasing: Selected tombstones
42
Wind
Solar
Wind Farm Banks Island
(Canada)
SOLARIS
Capacity up to 700 MW
Windpark development in Canada
Project developer
Ongoing
EUR 50 m
Capacity 40 MW
Asset deal with Danish investor
Arranger
Duesseldorf 2007
Eur 250 m
Capacity 30 MW
Project development
and equity placement to investors
Project Developer,
Equity & Senior Debt Arranger
October 2008
EUR 65 m
Capacity 8.3 MW
Asset deal with Maltese investor
Project developer / equity and
senior debt arranger
Ongoing
200 private & corporate investors
introduced and covered by DB PWM Spain
EUR 218 m
Funding of 20 MW Photovoltaic Solar
Energy Park in El Bonillo, Castillia La
Mancha, Spain
Sole financial advisor, sole lead arranger,
sole book runner, underwriter
of senior bank debt
July 2007
Capacity 200 MW
Windpark development in the Baltic Sea
Project developer
Düsseldorf 2007
Solar Parks of Extremadura,
S.L., Spain
Windkraft GmbH & Co. KG
N 25
Offshore Wind Farm
Ventotec Ost 2 KG
Investor Relations 09/09 · 42
Solar Park Mallorca (Spain)
PASO S.L.
Deutsche Bank Mission Statement on Sustainability– basic principles for decisions within the Group
We believe sustainability means future viability with the aim of ensuring future generations enjoy
a healthy environment as well as stable economic and social conditions. We are committed to this
guiding principle
Taking sustainability into account serves to secure our long-term corporate value. Sustainability is
an integral component of our business making decisions. We go beyond legal requirements in
taking into account social, ethical and ecological aspects in our everyday business. We review and
continually improve our everyday work procedures according to sustainability-related criteria.
We are committed to ensuring our staff members enjoy a healthy work environment, with legal
requirements as the absolute minimum in this respect. As far as possible we use the most eco-
friendly technology with the aim of preserving natural resources.
We regularly monitor our operations and goals.
We also believe that sustainability implies a clear commitment to developing sustainable concepts.
Our proactive co-operation and solution-oriented dialogue with international partners reflect our
sense of global responsibility.
Investor Relations 09/09 · 43
Cautionary statements
Unless otherwise indicated, the financial information provided herein has been prepared under International Financial
Reporting Standards (IFRS).
This presentation contains forward-looking statements. Forward-looking statements are statements that are not historical
facts; they include statements about our beliefs and expectations and the assumptions underlying them. These
statements are based on plans, estimates and projections as they are currently available to the management of
Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no
obligation to update publicly any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could
therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors
include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we
derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of
asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our
strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced
in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form
20-F of 24 March 2009 under the heading “Risk Factors.” Copies of this document are readily available upon request or
can be downloaded from www.deutsche-bank.com/ir.
This presentation also contains non-IFRS financial measures. For a reconciliation to directly comparable figures reported
under IFRS, to the extent such reconciliation is not provided in this presentation, refer to the 2Q2009 Financial Data
Supplement, which is accompanying this presentation and available at www.deutsche-bank.com/ir.
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